Top 5 Reasons To Buy Steamboat Luxury Real Estate Now
March 29, 2010
Buyers can probably think of a hundred reasons why not to buy a luxury Steamboat home now, although here are a few reasons why you should.
1. Now that ski season is winding down, you may find you have more negotiation room for that high-end Steamboat ski in/ski out condo than when you here during high season.
2. It’s a buyers market here in the US and in Steamboat. There are 314 Steamboat properties for sale over $1M, and 86 have sold in the past year. That’s 3 1/2 years of Steamboat inventory over $1 million. Go ahead, make an offer.
3. You’ll get exactly what you want. The majority of buyers are sitting on the fence waiting to do what everyone else does. If you buck the trend and buy when everyone else isn’t even looking, you’ll get what you want at a price you want to pay.
4. To lock in low interest rates. Interest rates play a huge role in affordability. As an example, a $1.1M mortgage at 5.75% would mean a $5,252 monthly investment. If interest rates rise to 6.5%, your monthly investment goes to $5,688. With the US government stopping the purchase of mortgage-backed securities and interest rates expected to rise, you might want to see what financing terms you can get now.
5. Because you’ve been thinking about owning a Steamboat vacation home for years, and now it makes sense.
Edgemont, One Steamboat Place Sales for Feb 2010
March 19, 2010
One Steamboat Place Lobby
Two of Steamboat’s most luxurious ski-in, ski-out properties had closings in February 2010.
#2802 at Edgemont on Ski Trail Lane closed for$3,016,800 while a whole ownership One Steamboat Place, #615, closed on Apres Ski Way for $3,700,000.
For information about all of Steamboat’s luxury ski-in, ski-out properties, please contact us.
One Steamboat Place Fractional Resale Deal
March 17, 2010
A luxury fractional ownership condo at One Steamboat Place was just listed for $480,000, creating a great opportunity for buyers.
One Steamboat Place is perfect for buyers looking for 4 weeks of vacation time in Steamboat and the opportunity to travel to the other incredible Timbers Resorts located throughout the world. It’s been described as a “cruise ship on land” and really has to be seen to be believed.
This gorgeous brand-new development was just completed at the base of the Steamboat ski area and offers fractionals and whole ownership condos.
Bank-Owned Marabou Ranch Lot for Sale
March 12, 2010
UPDATE: This Marabou Ranch homesite closed in April, 2010 for $1,145,000.
If you looked at Marabou Ranch in Steamboat Springs in the past and felt it was a little out of reach, it may be time to reconsider this luxury ranch. Marabou is considered to be one of the best shared ranches in the West.
A bank-owned Marabou Ranch home site just came on the market for $1,525,000, which is significantly less than other Marabou home sites.
Click here to see bank-owned home site on Marabou Loop and the other available sites at Marabou.
Marabou Lodge
Steamboat Luxury Home Sales in February, 2010
March 8, 2010
Torian Plum at Steamboat Ski Area Base
Foreclosures dominated Steamboat luxury home sales in February, 2010. Of the seven Steamboat Springs homes that sold above $900,000, 4 of them were bank-owned, foreclosures, or FDIC owned properties. Buyers are looking for deals, and these distressed properties represent some of the best values in Steamboat.
If you would like to be added to the Instant Notification list so you can be the first to know about Steamboat Springs luxury foreclosures, please contact us.
Steamboat Luxury Real Estate – What Sold |
| Bedrms | Development | ADDRESS | List Price | Sold Price | $/Tot Sq Ft |
| Five | Ski Ranches Subdivision—Steamboat Foreclosure (FDIC Owned) | 2660 Alpenglow Way | $1,199,000 | $935,100 | $177.20 |
| Three | The Victoria, Downtown Steamboat Luxury Condos | 941 Lincoln Ave. | $1,650,000 | $1,031,600 | $400.00 |
| Four Plus | Fairview Add Ss | 424 Fairview Dr. | $1,297,500 | $1,100,000 | $301.70 |
| Four | Fairway Meadows Steamboat Foreclosure/REO | 1727 River Queen Ln | $1,199,900 | $1,115,000 | $292.57 |
| Six | Ski Ranches Subdivision—Steamboat Foreclosure (FDIC Owned) | 2662 Alpenglow Way | $1,299,000 | $1,200,000 | $219.46 |
| Five Plus | Dakota Ridge Subdivision—Bank Owned Property | 31605 Aspen Ridge Road | $1,695,000 | $1,250,000 | $203.82 |
| Four | Anglers Ridge | 798 Anglers Court | $1,795,000 | $1,680,000 | $485.41 |
| Total Listings | Avg | Avg | Avg | ||
| 7 | $1,447,914 | $1,187,385 | $297 |
Steamboat Luxury Real Estate – Pending Sales |
| Bedrms | Development | ADDRESS | LP | $/Tot Sq Ft |
| Four | Hunters Glen—Steamboat MountainArea | 1617 Red Hawk Court | $900,000 | $239.17 |
| Five | Waterstone @ Eagle Ridge Townhome | 2699 E Eagleridge Lane | $1,095,000 | $423.76 |
| Five Plus | North Meadows Subdivision—Steamboat foreclosure | 1865 Montview Ct | $1,200,000 | $154.14 |
| Four | Old Town Steamboat Springs | 14 Logan Ave | $1,295,000 | $343.50 |
| Three Plus | Metes & Bounds | 38000 Saddle Mountain Circle | $1,395,000 | $529.61 |
| Three Plus | Strawberry Park Area | 43380 Elk Park Trail | $1,499,999 | $464.11 |
| Three | Anglers Retreat | 641 Creel Lane | $1,710,000 | $613.34 |
| Five | The Sanctuary | 3193 Aspen Wood Dr. | $2,195,000 | $450.63 |
| Total Listings | Avg | Avg | ||
| 8 | $1,411,249 | $402 |